1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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JR Kyushu IPO opens at 3,100 yen www3.nhk.or.jp

Kyushu Railway, or JR Kyushu, has debuted on the Tokyo Stock Exchange, fetching more than its initial offering price.
 
About 30 minutes into Tokyo trading on Tuesday, the share price opened at 3,100 yen. Its initial offering price was 2,600 yen.
 
JR Kyushu's total market value could exceed 400 billion yen, or 3.8 billion dollars. It is likely to be Japan's 2nd largest IPO of the year, following the messaging app provider, LINE, which made its debut in July.
 
JR Kyushu was founded in 1987 when the government privatized the former Japanese National Railways and divided it into regional companies.
 
Most of its train lines are operating in the red.
 
JR Kyushu is trying to create new services to attract tourists. The company is also getting involved in real estate development with station buildings and condominiums.
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Russia & Saudi Arabia agree to stabilize oil market – minister www.rt.com

Moscow and Riyadh have found common ground on a possible agreement with OPEC and a plan to stabilize oil prices after a meeting in the Saudi capital.
 
Russian Energy Minister Alexander Novak met with representatives of Saudi Arabia and other major regional oil producers at the Gulf Cooperation Council (GCC) conference in Riyadh on Sunday. They discussed possible means to stabilize the slumping oil prices, and the parties appeared to come to an agreement.
 
“We discussed questions related to freezing oil production in Russia and other countries that may join in,” Novak wrote on Twitter. “But it’s too early to call specific figures. We still have time until November 30, when OPEC is planning to develop a joint solution.”
 
Novak’s Saudi counterparts also appeared optimistic.
 
“Saudi Arabia has started to play an important role to coordinate between Russia ... and OPEC, specifically the Gulf countries,” Saudi Arabian Energy Minister Khalid al-Falih said at a press conference quoted by Reuters. “We have managed today... through a common meeting to reach a common notion to what we can reach in November.”
 
“Russia is one of the world's biggest oil producers... and is one of the influential parties in the stability of the oil market,” Falih said at the start of the GCC conference.
 
OPEC, or the Organization of Petroleum Exporting Countries, is due to meet on November 30 in Vienna, where it will discuss reducing production to help drive up the price of oil, or at least keep it stable. The fall in oil prices has discouraged investment in the industry and had a negative effect on the global economy, including the Russian economy. At an earlier conference in Algiers, OPEC set a goal of cutting production to 32.5-33 million barrels per day, though the specifics have yet to be ironed out. By getting non-OPEC members on board, the cartel hopes to make their scheme more effective.
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Construction of solar power plant underway in Khongor www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Being carrid out by Solar Power International LLC, the project is going on construction and fabrication phase, which commenced on July 27 of 2016. The project accomplishment is 65 percent.
 
A total of 32,274 solar panels of SHARP have been installed in 289,667 squaremetres of area in Khongor soum of Darkhan-Uul aimag (210 km from Ulaanbaatar). Moreover, a building for SMA Inverter has been built along with the overhead grids to connect the plant to the substation with installed capacity of 110/ KW.
 
The commissioning of the plant is expected on December 15, 2016, reports the Ministry of Energy in the light of the Government’s First 100 Days Framework.
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Russian bonds & ruble gain on expectation Central Bank will hold rates steady www.rt.com

Russian government bonds and currency advanced for the second straight day on investors assuming the central bank will keep the benchmark interest rate unchanged. It’s sparked demand for Russian bonds with the highest emerging markets yields.
 
With ultra-low key rates set by the regulators in Europe, the UK, Japan and the US, Russian government obligations are currently extremely attractive for investors. The rate on 10-year bonds dropped two basis points to 8.34 percent.
 
The ruble advanced 0.3 percent against the US dollar to about 62.19 after Brent crude hit $51.92 a barrel climbing for a second day in row.
 
The national currency along with the Russian assets are also gaining from local tax payments as well as speculation OPEC members will manage to push oil prices up by capping output.
 
The Russian Central Bank is expected to keep the key rate unchanged at 10 percent during this week's meeting. Governor Elvira Nabiullina promised to hold off on rate cuts until next year. The move makes ruble assets appealing as so-called carry trade, when investors borrow where rates are low and invest in higher yielding securities.
 
“The carry trade is pushing both the ruble and the OFZs (10-year bonds) higher as the European Central Bank remains on the easing side and the Fed doesn’t sound hawkish,” said Alexander Losev, CEO at Sputnik Asset Management in Moscow, as quoted by Bloomberg.
 
The analyst predicts the ruble would probably drop 11 percent to 70 to the dollar by the end of the year as the US Federal Reserve may tighten its monetary policy.
 
According to data compiled by Bloomberg, selling dollars to buy rubles has brought investors 28 percent this year, the second-highest return among emerging market currencies.
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British businesses to pay more for Microsoft Office following pound slump www.theguardian.com

Microsoft will increase the prices it charges British businesses by up to 22% to account for the slump in the value of the pound following the EU referendum result, the software company has announced.
 
The new prices, which will come into effect in January 2017, see the amounts expected for locally hosted software increase by 13%, while “most” cloud-hosted services will increase by the full 22%, the company said in a statement. While once programs like Microsoft’s Office suite were installed locally on PCs, in recent years the cloud-based subscription version, Office 365, has become increasingly popular.
 
“We periodically assess the impact of local pricing of our products and services to ensure there is reasonable alignment across the region and this change is an outcome of this assessment,” Microsoft said. “These changes are similar to the recent harmonisation adjustments to pricing in Norwegian krone and Swiss franc we made in April 2016.”
 
Business customers will only see the price changes if they buy directly from Microsoft, but third-party resellers are likely to increase their own prices to match the headline increase.
 
Among the software expected to see a price rise is Microsoft’s Office suite of productivity tools including Word, Powerpoint and Outlook, as well as its Office 365 cloud platform. But the price rise will only apply to new purchases, not ongoing contracts, delaying the blow for many businesses and organisations which currently use Microsoft technology.
 
While Microsoft is one of the first major technology firms to announce such a large price increase for British customers following the collapse of the pound, other businesses have managed to avoid the announcements while still effectively increasing prices.
 
Amazon, for instance, charges all its Amazon Web Services customers prices denominated in US dollars. Although customers, who include Netflix, Spotify and the Guardian, can opt to pay the bills in local currency, the fees are still determined according to the US dollar exchange rate at the end of each billing month.
 
Apple managed to smuggle in a price rise of its own when it announced new iPhones and boosted the storage available on iPads. The new phones cost 11% to 15% more than the devices they were replacing. The cheapest iPhone 6s, for instance, was £539, while its successor is £599. The iPad Air 2 used to start at £349, but now costs £379. Although the new version has more storage, in the US, that increase was offered with no change to the bottom line.
 
Similar increases are expected when the company announces updates to its Mac line of personal computers on 27 October.
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China to invest $11bn in Russia's Lake Baikal tourism www.rt.com

Russian tour operator Grand Baikal has made a deal with Chinese investors to create a "world-class tourism cluster" in Siberia on the shores of the world's deepest lake.
 
A pool of Chinese firms headed by Chungjingxin will invest $11 billion in the project that will include traveler attractions, transport and logistics infrastructure.
 
A memorandum of cooperation, backed by the governor of Siberia's Irkutsk region Sergei Levchenko, was signed last week.
 
A feasibility study is underway before the final agreement.
 
“We are planning to build not only up-to-date tourist attractions, but to create an accompanying transport and far-reaching logistic infrastructure around Lake Baikal to attract a significant number of tourists to the region,” Grand Baikal said.
 
According to the company, an important condition for the project is observing basic ecological standards and environmental laws to protect one of the world's natural wonders.
 
The new tourist hub is expected to be built on the site of a former paper mill in the town of Zabaykalsk. The mill was shut down three years ago, and was the lake's biggest source of pollution.
 
The initiative may jump start social and economic development of the region, according to the statement.
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U.S. calls on automakers to make cyber security a priority www.reuters.com

Automakers should make shielding the electronic and computer systems of vehicles from hackers a priority, developing layers of protection that can secure a vehicle throughout its life, U.S. regulators said on Monday.
 
The cyber security guidelines issued by the U.S. National Highway Traffic Safety Administration are recommendations, not enforceable rules. However, they mark a step toward establishing a road map for industry behavior as lawmakers and consumers pressure automakers to show how they will protect increasingly connected and automated vehicles from cyber attacks.
 
Some of the agency's proposals, included in a paper titled "Cybersecurity Best Practices for Modern Vehicles," echo moves major manufacturers are making already, including establishing a group to share information about cyber security threats.
 
Automakers will carefully review the technical aspects of the agency's proposals as well as proposals related to the disclosure of information about "the secret sauce" of electrical and data systems, which is highly competitive, Jonathan Allen, acting executive director of the Automotive Information Sharing and Analysis Center, said in an interview on Monday. The group, often referred to as the AUTO-ISAC, was established by automakers as a clearinghouse for companies to share information about cyber security threats and countermeasures.
 
Automakers accelerated efforts to address hacking threats over the past year after data security researchers successfully took remote control of a Jeep Cherokee and publicized their feat. Fiat Chrysler Automobiles in July 2015 recalled 1.4 million vehicles to install software to protect against future data breaches.
 
Other automakers, including BMW AG and Tesla Motors Inc, have disclosed actions to fix potential data security gaps.
 
The security of data and communications systems in vehicles is also critical as more auto manufacturers gear up to follow Tesla's lead and begin offering significant vehicle upgrades through wireless data links. The Federal Bureau of Investigation earlier this year warned that criminals could exploit online vehicle software updates.
 
The NHTSA recommends manufacturers conduct tests of vehicle systems to see if the cyber security systems can be breached, and document their testing and their assessment of the risks.
 
Democratic U.S. Senators Ed Markey of Massachusetts and Richard Blumenthal of Connecticut said the NHTSA should do more. “If modern day cars are computers on wheels, we need mandatory standards, not voluntary guidance, to ensure that our vehicles cannot be hacked and lives and information put in danger," the lawmakers said in a statement Monday.
 
The Alliance of Automobile Manufacturers said on Monday the NHTSA guidelines appear to support the steps being taken by the AUTO-ISAC. The Alliance represents General Motors Co, Ford Motor Co and Daimler AG, among others.
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Hanjin shares tumble on closure of Europe business www.bbc.com

 
Shares in embattled South Korean shipper Hanjin have tumbled on Monday after the company said it would close its European business.
The firm said it planned to pull out of more than 10 countries, including its regional headquarters in Germany.
Shares plunged to close 12% lower.
In the industry's biggest bankruptcy to date, Hanjin Shipping filed for receivership in August after creditors refused a restructuring plan for the firm's $5.4bn (£4.4bn) debt.
The company has since been granted legal protection preventing its ships from seizure in various ports including South Korea, the US and Japan.
Hanjin Shipping expects to start the closure process in Europe later this week after obtaining approval from the Seoul Central District Court.
Earlier this month, the company got approval to auction its major assets, including its Asia-US route network, in order to pay back creditors.
Hanjin's bankruptcy is the largest to hit the shipping industry and affected global supply chains.
Before the bankruptcy, Hanjin was the world's seventh-largest container company and had been unprofitable for four of the past five years.
The global economic downturn in recent years has affected profits across the cargo shipping industry.
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UNWTO encourages Mongolia to become the heart of world nomadic tourism www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Minister of Environment and Green Development D.Oyunkhorol noted “Mongolia will be the heart of nomadic tourism” at today’s press statement in the light of the Government’s first 100 days.
 
One of the key actions, taken in the last three months, is the International Silk Road Conference hosted in Ulaanbaatar, she added. The United Nations World Tourism Organization has pledged its support in establishing a Center for Nomadic Tourism and encouraged Mongolia to become the center of world nomadic tourism and the regional leader.
 
This is the very time for Mongolia to promote tourism growth, the Minister went on. The government will put more effort to raise the number of employees in tourism - the waste-free industry - from 50 thousand to 100 thousand, she said.
 
It is of high importance for Mongolia’s tourism to foster infrastructural development in Khentii, the birthplace of Chinggis Khaan, she said and added a tourism complex is planned to be built in Dadal soum of Khentii province in this spirit.
 
She also stated that the Ministry is making endeavors to resume the Air Pollution Fund's function, having this issue and the draft budget of MNT 5.0 billion reflected in the government budget assumptions for 2017.
 
Working groups have been set up to handle environmental pollution problems around Onon and Balj rivers of Khentii, Orkhon river of Arkhangai and Eroo river of Selenge province, and pertinent decisions have been made to intervene mining operations near these rivers, Ms Oyunkhorol noted.
 
Regarding the dried up Lake Ganga of Sukhbaatar province, she said the main cause of the incident was connected to the climate change, especially, overheat. The Lake has been recovering thanks to the prompt measures, including the building up of fences around the springs that feed the lake and evacuation of livestock herding families near the lake’s water sources.
 
According to the high-ranking officials, the Ministry has been preparing a bill on environmental rehabilitation for submission to the Parliament.
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Belgium given EU ultimatum to secure Canada trade deal, but Wallonia defiant www.theguardian.com

 
The European Union has given Belgium’s federal government until late on Monday to secure backing for an EU-Canada trade deal from the region of Wallonia or a planned summit to sign the pact will be cancelled.
 
European Council president Donald Tusk, who chairs the collective body of the EU’s 28 national leaders, will speak to Belgian prime minister Charles Michel by late on Monday, an EU source told Reuters, so that Canadian prime minister Justin Trudeau can decide whether to fly to Brussels for the signing on Thursday.
 
If Michel cannot assure Tusk that Belgium will be able to let the EU sign the Ceta agreement, then Thursday’s EU-Canada summit will be postponed.
 
No new date will be set, although the source said neither the EU nor Canada was willing to give up on a free trade pact that has been years in the making.
 
But Paul Magnette, the leader of the Wallonia region, told the Belga news agency on Sunday that the ultimatum from the EU “is not compatible with the exercise of democratic rights”. Belgium’s federal government cannot agree to the deal without the consent of five regional authorities, including French-speaking Wallonia.
 
Magnette, a Socialist, says the deal is bad for Europe’s farmers and gives too much power to global corporate interests.
 
Magnette hit out at the EU, despite efforts by the bloc to provide reassurances to his government over investment protection – one of the major sticking points in negotiations between Brussels and Wallonia. One European diplomat said that the reassurances “responded to all of Mr Magnette’s concerns”.
 
Tusk was expected to call Michel on Monday, a source told Agence France-Presse, and ask “one simple question: will Belgium be in a position to sign the agreement on Thursday, yes or no?”.
 
Tusk will also call European Commission president, Jean-Claude Juncker, “to share an assessment of where we are,” and also Trudeau.
 
“Regarding Thursday, if Belgium is not in a position to say that they guarantee they can sign, it’s very clear for Tusk that it doesn’t make sense to have a summit, and there will be no summit, and there will be no date set for a new summit,” the source said. Any decision would be made jointly by Tusk and Trudeau.
 
Chrystia Freeland, Canada’s trade minister, flew home from Brussels on Saturday saying the ball was in the EU’s court after talks on Friday failed to overcome the differences.
 
The CETA – or comprehensive economic and trade agreement – would link the EU market of 500 million people with the world’s tenth biggest economy.
 
The deal is opposed by anti-globalisation groups who say it is a test model to push through an even more controversial EU-US trade agreement called TTIP, talks on which have also stalled.
 
Sebastian Dullien, a senior policy fellow at the European Council on Foreign Relations, criticised the commission for its role in the failure of negotiators to secure an agreement on the deal.
 
“The European Commission carries part of the blame because it didn’t quickly seek a dialogue with doubters. And for this type of deal, you need a large consensus,” he said.
 
Wallonia has some support for its position elsewhere in Europe.
 
On Saturday, 8,000 people including young people, farmers, union leaders and entrepreneurs joined a rally in Amsterdam in a show of solidarity, organisers said.
 
They held banners saying “Our world is not for sale” and “Stop these bad trade treaties”.
 
Wallonia has also enjoyed support from activist groups like Greenpeace which charged that the deal risked satisfying “corporate greed” and trampling on people’s rights and health standards on both sides of the Atlantic.
 
British prime minister Theresa May on Friday dismissed warnings that the EU-Canada deal raised serious questions about whether London could strike a similar agreement with the bloc after Brexit.
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